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Pirate Bay Buyer Sued For Bankruptcy

Posted by Soulskill on from the thanks-for-playing dept.

pharazon writes "Global Gaming Factory (GGF), the prospective buyer of file-sharing site The Pirate Bay, has been sued in the Stockholm District Court for bankruptcy due to an unpaid debt of up to 1.4 million SEK (Swedish Crowns, roughly 200k USD). The issuer is GGF's trading partner, Advatar Systems. GGF was recently de-listed from the Aktietorget.se equity market due to financial and reporting failures, but was able to re-list later. The Swedish Tax Office was also claiming large sums of unpaid taxes from the owners of GGF. The discussion in the Swedish media has been skeptical about the Pirate Bay deal due to financing issues."

5 of 102 comments (clear)

  1. Re:Pirate Bay is dead. by Anonymous Coward · · Score: 5, Funny

    Your local retailer?

  2. Re:Pirate Bay is dead. by QuantumG · · Score: 3, Insightful

    Yep, because 12 out of my last 12 torrents all being tracked by The Pirate Bay tracker really indicates that too.

    --
    How we know is more important than what we know.
  3. Smell of desperation by matty619 · · Score: 5, Insightful

    That whole deal stank of desperation from the getgo. The Napster sale earlier this decade should have been clue enough that you can't take a brand known for being A) Free, and B) illegal, and somehow turn a profit simply by using the name in a legitimate marketplace.

  4. Re:Euro by Zontar+The+Mindless · · Score: 3, Informative

    Those of us who actually do use Swedish kronor couldn't care less what you Ausländer carry around in lieu of hard currency. ;)

    --
    Il n'y a pas de Planet B.
  5. Re:There's very few swedish crowns.. by Zontar+The+Mindless · · Score: 3, Informative

    Yes, and I bought a coffee lattè yesterday at Coffee By George at Gullmarsplan Station here in Stockholm, and the girl said, "That's 37 crowns, please". Just like virtually every other Swedish person I've met in 2+ years here says when speaking English (which virtually all Swedes do). So please come over here and tell them that they've all got it wrong.

    Tack för att du spelar!

    --
    Il n'y a pas de Planet B.